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You are here:
Home Massachusetts Lowell Multi-Family Homes for Sale

43-45 Third Ave Lowell, MA 01854

Contingent
Price Reduced $100,000
35 Photos
$699,900
3 Unit
4 Beds
3 Baths
2234 SQFT
0.13 Acre
43-45 Third Ave
Lowell, MA 01854

Property Description

Fantastic investment opportunity! Well-maintained 3-family home in a highly desirable area, just a 10-minute walk to UMass Lowell. Features include vinyl siding and windows, a new roof, new insulation, newer hot-air heating systems and water tanks, and coin-op laundry in the basement. Enjoy 6 off-street parking spaces plus a 2-car garage. Strong rental history with long-term tenants: 2nd floor (18 years), 1st floor front (10 years), and 1st floor rear (7 years). The 2nd floor can be made available for an owner-occupancy opportunity, offering the option to live comfortably while generating income. Low maintenance and a prime location make this a great addition to any investor’s portfolio!

Property Overview

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 3

Financial

  • APOD Available: Yes
  • Gross Operating Income: 51600
  • Gross Expenses: 6800
  • Electric Expenses: 500
  • Water/Sewer: 2300
  • INSC: 4000
  • Net Operating Income: 37715

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1930
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73456348
  • Last Updated: 12/12/25
  • Terms: Contract for Deed, Rent w/Option

Date Event Price Price/Sq Ft Source
12/12/2025Contingent$699,900$313MLSPIN
12/11/2025Price Change$699,900$313MLSPIN
11/25/2025Active$775,000$347MLSPIN
11/21/2025Price Change$775,000$347MLSPIN
11/19/2025New$799,900$358MLSPIN

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Map & Resources

Joseph McAvinnue School

Public Elementary School, Grades: PK-4

0.12mi

University of Massachusetts Lowell North Campus

University

0.22mi

University of Massachusetts Lowell

University

0.22mi

St. Jeanne D'Arc Elementary School

Private School, Grades: PK-8

0.33mi

Ste Jeanne d'Arc School

Private School, Grades: K-8

0.33mi

University Crossing

University

0.38mi

Starbucks

Coffee Shop

0.3mi

Einstein's Bagels

Cafe

0.42mi

McDonald's

Burger (Fast Food)

0.14mi

Cumnock Marketplace

Restaurant

0.35mi

Crossroads Cafe

Coffee Shop & Pizza Restaurant

0.43mi

Egyptian Grill

Egyptian Restaurant

0.44mi

UMass Lowell University Police

Police

0.48mi

Lowell Fire Prevention Bureau

Fire Station

0.09mi

Lowell General Hospital

Hospital

0.45mi

Costello Athletic Center

Sports Centre

0.46mi

Lowell Heritage State Park

State Park

0.37mi

Father Maguire Playground

Park

0.09mi

FOOD FIGHT Main Stage

Park

0.27mi

Bourgeois Park

Municipal Park

0.28mi

Campbell Park

Park

0.3mi

DJ's & Live Music [Bourgeois Park]

Park

0.3mi

Kuomantzelis Field

Municipal Park

0.33mi

Sheehy Park

Municipal Park

0.37mi

River Greenway

Recreation Ground

0.13mi

Vandenburg Esplanade

Recreation Ground

0.14mi

Bartlett Community Partnership School

Recreation Ground

0.46mi

Martin J. Lydon Library

Library

0.28mi

Professional Barbers of Lowell

Hairdresser

0.29mi

University Convenience

Convenience

0.27mi

Seller's Representative: Paul Brouillette, LAER Realty Partners
MLS ID#: 73456348

© 2025 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-12-12 12:07:00